Shiba Inu continues to rally on news of token burning and the advent of the Shibverse. If you are attracted to unique features and want to learn how and where to buy Shiba Inu, this guide is for you.
Top places to buy Shiba Inu now
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What is Shiba Inu?
Shiba Inu is an Ethereum-based altcoin that features the Shiba Inu, a Japanese breed of hunting dog. It is widely considered to be an alternative to Dogecoin.
Shiba Inu is a meme coin; a cryptocurrency associated with some theme. It was created in August 2020 by a pseudonymous individual or group called Ryoshi.
Shiba Inu's price soared more than tenfold in October last year, ranking it 10th among all cryptocurrencies by market cap.
The ecosystem’s guiding principles are laid out in a "woof paper", available at ShibaToken.com. Shiba Inu was developed to see what would happen if a cryptocurrency project was 100% run by its community.
Its founders attribute its origins to an "experiment in decentralized spontaneous community building." According to Ryoshi, the power of collective decentralization can build something stronger than a centralized team could create.
Should I buy Shiba Inu today?
Considering how hard it is to come up with an accurate cryptocurrency prediction, you should never take any decisions affecting your finances before an in-depth market analysis. Don’t invest more than you can afford to lose.
Shiba Inu price prediction
SHIB’s rebound reflects a broader recovery in crypto markets in the past week. Bitcoin and Ethereum prices are also up. This development has given investors confidence in smaller coins like Shiba Inu.
According to CryptoPredictions.com, Shiba Inu will reclaim its peak. It will reach $0.000084 in Q1 2022 and continue to grow, trading for $0.000088 in the third quarter of the year.
Shiba Inu on social media
— DreadShiba (@DreadShiba) February 7, 2022